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Opec+ agrees another accelerated oil output hike for June
[LONDON/DUBAI] Opec+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, has agreed to…
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Oil
News
Oil Prices Are Falling. Here’s Where That Could Spell Trouble.
Oil producing countries are bracing for a bumpy ride this year, with a precipitous drop in prices to the lowest levels in four years seen…
Business
Why OPEC Plus Is Increasing Oil Supplies Despite Falling Prices
Oil prices are falling. Economists are cutting forecasts for global economic growth. Oil giants are reporting lower profits. But on…
Fashion
Oil posts biggest weekly loss in a month ahead of Opec+ meeting
Oil prices fell more than 1 per cent lower on Friday (May 2) and recorded their biggest weekly losses since the end of March, as traders…
News
Trump says nations that purchase oil from Iran will be banned from doing business with U.S.
President Trump warned of new secondary oil sanctions against Iran Thursday and described harrowing accounts from freed hostages who were…
News
Trump’s Justice Department sues Michigan and Hawaii over plans to take Big Oil to court
The U.S. Justice Department on Wednesday filed lawsuits against Hawaii and Michigan over their planned legal action against fossil fuel…
News
Trump DOJ sues Michigan, Hawaii over planned climate change lawsuits against oil companies
President Trump's Justice Department is going on the legal offensive, suing Michigan and Hawaii in two separate lawsuits ahead of the…
Business
Oil settles lower, posts steepest monthly decline since 2021
Oil prices settled down on Wednesday (Apr 30) and recorded the largest monthly drop in almost 3½ years after Saudi Arabia signalled a move…
News
Oil posts weekly fall on tariff worry and rising supplies
Oil prices edged higher on Friday (Apr 25) but posted a weekly decline, under pressure from market expectations of oversupply and…
Business
Oil prices settle up on weaker US dollar, mixed economic news
Oil prices edged up on Thursday (Apr 24) as investors weighed a weaker US dollar, potential Opec+ output increase, mixed economic news,…
News
Oil falls 2% after sources say Opec+ to mull accelerating output
Oil prices slipped 2 per cent on Wednesday (Apr 23) as sources said Opec+ would consider accelerating its oil output increases in June,…
News
Oil prices settle up nearly 2% on new Iran sanctions, equities rally
Oil prices settled more than US$1 per barrel higher on Tuesday (Apr 22) as new US sanctions against Iran and rising equity markets helped…
News
Oil fell with Ukraine-Russia truce, US-Iran talks in focus
Trading volumes in crude futures may be lower than usual in Monday’s session, with some countries observing holidays to mark Easter Oil…
News
Oil posts weekly gain on trade deal hopes, new Iran sanctions
Oil prices settled more than 3 per cent higher on Thursday (Apr 17), supported by hopes for a trade deal between the United States and the…
News
Oil up 2% to a two-week high as new US sanctions target Iran’s exports
Oil prices rose nearly 2 per cent on Wednesday (Apr 16) to a two-week high on concerns about global supplies after Washington issued new…
News
Oil prices steady as market considers latest US tariff changes
Oil prices were little changed on Tuesday (Apr 15) as investors digested the latest headlines on US President Donald Trump’s on-again,…
News
Oil rises marginally on tariff exemption, Chinese crude imports
Oil prices settled slightly higher on Monday (Apr 14) on exemptions for some electronics from US tariffs and data showing a sharp rebound…
News
Opec cuts 2025 oil demand forecast over US tariffs
It expects demand to grow by 1.3 million barrels per day (bpd) in 2025, down from a previous forecast of 1.4 million bpd Opec slightly…
News
Russian oil shipments shift to western tankers as prices slump
A slump in oil prices is allowing Russia’s crude to be carried on tankers owned and insured by western companies, helping tighten the…
Fashion
Oil prices sink to 2021 lows as tariff war fans recession fears
Crude oil prices have plunged to their lowest levels since 2021, when Covid curbs hurt business activity, amid an escalating tariff crisis…
Business
Oil prices extend losses on fears global trade war could slow economy
Oil prices fell more than 3 per cent on Monday, extending losses from the previous week, on growing concerns that a global trade war could…
News
Oil price in freefall reorders global energy landscape
The plunge in oil prices following the twin shocks of President Donald Trump’s tariffs and the surprise boost in production from the…
News
Opec+ stuns oil market with policy shift to drive down price
For most of this decade, the Organization of the Petroleum Exporting Countries and its allies (Opec+) has been the world’s most stalwart…
Business
Oil dives 7% to lowest in over three years on China’s tariffs
Oil prices plunged 7 per cent on Friday (Apr 4) to settle at their lowest in over three years as China ramped up tariffs on US goods,…